Graph and download economic data for 15-Year Fixed Rate Mortgage Average in the United States (MORTGAGE15US) from 1991-08-30 to 2025-11-26 about 15-year, mortgage, fixed, interest rate, interest, rate, and USA.

Canada Conventional Mortgage: 5 Years: Weekly data was reported at 6.490 % pa in 07 May 2025. This stayed constant from the previous number of 6.490 % pa for 30 Apr 2025. Canada Conventional Mortgage: 5 Years: Weekly data is updated weekly, averaging 5.700 % pa from Jan 2000 (Median) to 07 May 2025, with 1323 observations. The data reached an all-time high of 8.750 % pa in 31 May 2000 and a record low of 4.640 % pa in 12 Jul 2017. Canada Conventional Mortgage: 5 Years: Weekly data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.M005: Conventional Mortgage Rate. [COVID-19-IMPACT]

The benchmark interest rate in Canada was last recorded at 2.25 percent. This dataset provides - Canada Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Switzerland Mortgage Rate: Fixed: by Maturity: 5 Years data was reported at 1.252 % pa in Sep 2018. This records an increase from the previous number of 1.201 % pa for Aug 2018. Switzerland Mortgage Rate: Fixed: by Maturity: 5 Years data is updated monthly, averaging 1.580 % pa from Jan 2008 (Median) to Sep 2018, with 129 observations. The data reached an all-time high of 4.500 % pa in Jun 2008 and a record low of 1.170 % pa in May 2017. Switzerland Mortgage Rate: Fixed: by Maturity: 5 Years data remains active status in CEIC and is reported by Swiss National Bank. The data is categorized under Global Database’s Switzerland – Table CH.M005: Mortgage Rates.

Mortgage rates surged at an unprecedented pace in 2022, with the average 10-year fixed rate doubling between March and December of that year. In response to mounting inflation, the Bank of England implemented a series of rate hikes, pushing borrowing costs steadily higher. By October 2025, the average 10-year fixed mortgage rate stood at **** percent. As financing becomes more expensive, housing demand has cooled, weighing on market sentiment and slowing house price growth. How have the mortgage hikes affected the market? After surging in 2021, the number of residential properties sold fell significantly in 2023, dipping to just above *** million transactions. This contraction in activity also dampened mortgage lending. Between the first quarter of 2023 and the first quarter of 2024, the value of new mortgage loans declined year-on-year for five consecutive quarters. Even as rates eased modestly in 2024 and housing activity picked up slightly, volumes remained well below the highs recorded in 2021. How are higher mortgages impacting homebuyers? For homeowners, the impact is being felt most acutely as fixed-rate deals expire. Mortgage terms in the UK typically range from two to ten years, and many borrowers who locked in historically low rates are now facing significantly higher repayments when refinancing. By the end of 2026, an estimated five million homeowners will see their mortgage deals expire. Roughly two million of these loans are projected to experience a monthly payment increase of up to *** British pounds by 2026, putting additional pressure on household budgets and constraining affordability across the market.

Graph and download economic data for 30-Year Fixed Rate FHA Mortgage Index (OBMMIFHA30YF) from 2017-01-03 to 2025-12-01 about FHA, 30-year, mortgage, fixed, rate, indexes, and USA.

Graph and download economic data for 30-Year Fixed Rate Veterans Affairs Mortgage Index (OBMMIVA30YF) from 2017-01-03 to 2025-12-01 about veterans, 30-year, mortgage, fixed, rate, indexes, and USA.

Switzerland Mortgage Rate: Fixed: by Maturity: 2 Years data was reported at 1.078 % pa in Sep 2018. This records a decrease from the previous number of 1.079 % pa for Aug 2018. Switzerland Mortgage Rate: Fixed: by Maturity: 2 Years data is updated monthly, averaging 1.270 % pa from Jan 2008 (Median) to Sep 2018, with 129 observations. The data reached an all-time high of 4.290 % pa in Jun 2008 and a record low of 1.065 % pa in Aug 2017. Switzerland Mortgage Rate: Fixed: by Maturity: 2 Years data remains active status in CEIC and is reported by Swiss National Bank. The data is categorized under Global Database’s Switzerland – Table CH.M005: Mortgage Rates.

Switzerland Mortgage Rate: Fixed: by Maturity: 1 Year data was reported at 1.089 % pa in Sep 2018. This records an increase from the previous number of 1.086 % pa for Aug 2018. Switzerland Mortgage Rate: Fixed: by Maturity: 1 Year data is updated monthly, averaging 1.410 % pa from Jan 2008 (Median) to Sep 2018, with 129 observations. The data reached an all-time high of 4.200 % pa in Jun 2008 and a record low of 1.068 % pa in Dec 2017. Switzerland Mortgage Rate: Fixed: by Maturity: 1 Year data remains active status in CEIC and is reported by Swiss National Bank. The data is categorized under Global Database’s Switzerland – Table CH.M005: Mortgage Rates.

Switzerland Mortgage Rate: Variable data was reported at 2.633 % pa in Sep 2018. This stayed constant from the previous number of 2.633 % pa for Aug 2018. Switzerland Mortgage Rate: Variable data is updated monthly, averaging 4.295 % pa from Jun 1976 (Median) to Sep 2018, with 508 observations. The data reached an all-time high of 7.990 % pa in Jan 1991 and a record low of 2.623 % pa in Nov 2017. Switzerland Mortgage Rate: Variable data remains active status in CEIC and is reported by Swiss National Bank. The data is categorized under Global Database’s Switzerland – Table CH.M005: Mortgage Rates.

The benchmark interest rate in Japan was last recorded at 0.50 percent. This dataset provides - Japan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Chile Mortgage Rate: Mortgage Loan: Endorsable: Term: > 20 Years data was reported at 3.800 % pa in Jan 2018. This records an increase from the previous number of 3.783 % pa for Dec 2017. Chile Mortgage Rate: Mortgage Loan: Endorsable: Term: > 20 Years data is updated monthly, averaging 4.700 % pa from Jan 2005 (Median) to Jan 2018, with 157 observations. The data reached an all-time high of 6.866 % pa in Jan 2009 and a record low of 3.440 % pa in Sep 2017. Chile Mortgage Rate: Mortgage Loan: Endorsable: Term: > 20 Years data remains active status in CEIC and is reported by Financial Market Commission. The data is categorized under Global Database’s Chile – Table CL.M008: Mortgage Rate.

The benchmark interest rate in China was last recorded at 3 percent. This dataset provides the latest reported value for - China Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Context

The Federal Reserve sets interest rates to promote conditions that achieve the mandate set by the Congress — high employment, low and stable inflation, sustainable economic growth, and moderate long-term interest rates. Interest rates set by the Fed directly influence the cost of borrowing money. Lower interest rates encourage more people to obtain a mortgage for a new home or to borrow money for an automobile or for home improvement. Lower rates encourage businesses to borrow funds to invest in expansion such as purchasing new equipment, updating plants, or hiring more workers. Higher interest rates restrain such borrowing by consumers and businesses.

Content

This dataset includes data on the economic conditions in the United States on a monthly basis since 1954. The federal funds rate is the interest rate at which depository institutions trade federal funds (balances held at Federal Reserve Banks) with each other overnight. The rate that the borrowing institution pays to the lending institution is determined between the two banks; the weighted average rate for all of these types of negotiations is called the effective federal funds rate. The effective federal funds rate is determined by the market but is influenced by the Federal Reserve through open market operations to reach the federal funds rate target. The Federal Open Market Committee (FOMC) meets eight times a year to determine the federal funds target rate; the target rate transitioned to a target range with an upper and lower limit in December 2008. The real gross domestic product is calculated as the seasonally adjusted quarterly rate of change in the gross domestic product based on chained 2009 dollars. The unemployment rate represents the number of unemployed as a seasonally adjusted percentage of the labor force. The inflation rate reflects the monthly change in the Consumer Price Index of products excluding food and energy.

Acknowledgements

The interest rate data was published by the Federal Reserve Bank of St. Louis' economic data portal. The gross domestic product data was provided by the US Bureau of Economic Analysis; the unemployment and consumer price index data was provided by the US Bureau of Labor Statistics.

Inspiration

How does economic growth, unemployment, and inflation impact the Federal Reserve's interest rates decisions? How has the interest rate policy changed over time? Can you predict the Federal Reserve's next decision? Will the target range set in March 2017 be increased, decreased, or remain the same?

Chile Mortgage Rate: Mortgage Loan: Endorsable: Term: 1 to 8 Years data was reported at 2.949 % pa in Jan 2018. This records an increase from the previous number of 2.882 % pa for Dec 2017. Chile Mortgage Rate: Mortgage Loan: Endorsable: Term: 1 to 8 Years data is updated monthly, averaging 4.572 % pa from Dec 2000 (Median) to Jan 2018, with 206 observations. The data reached an all-time high of 8.844 % pa in Dec 2000 and a record low of 2.683 % pa in May 2017. Chile Mortgage Rate: Mortgage Loan: Endorsable: Term: 1 to 8 Years data remains active status in CEIC and is reported by Financial Market Commission. The data is categorized under Global Database’s Chile – Table CL.M008: Mortgage Rate.

Chile Mortgage Rate: Mortgage Loan: Endorsable: Term: 8 to 12 Years data was reported at 3.144 % pa in Jan 2018. This records an increase from the previous number of 3.099 % pa for Dec 2017. Chile Mortgage Rate: Mortgage Loan: Endorsable: Term: 8 to 12 Years data is updated monthly, averaging 4.571 % pa from Dec 2000 (Median) to Jan 2018, with 206 observations. The data reached an all-time high of 9.296 % pa in Dec 2000 and a record low of 2.834 % pa in Sep 2017. Chile Mortgage Rate: Mortgage Loan: Endorsable: Term: 8 to 12 Years data remains active status in CEIC and is reported by Financial Market Commission. The data is categorized under Global Database’s Chile – Table CL.M008: Mortgage Rate.

The benchmark interest rate in Turkey was last recorded at 39.50 percent. This dataset provides the latest reported value for - Turkey Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

August 2024 marked a significant shift in the UK's monetary policy, as it saw the first reduction in the official bank base interest rate since August 2023. This change came after a period of consistent rate hikes that began in late 2021. In a bid to minimize the economic effects of the COVID-19 pandemic, the Bank of England cut the official bank base rate in March 2020 to a record low of *** percent. This historic low came just one week after the Bank of England cut rates from **** percent to **** percent in a bid to prevent mass job cuts in the United Kingdom. It remained at *** percent until December 2021 and was increased to one percent in May 2022 and to **** percent in October 2022. After that, the bank rate increased almost on a monthly basis, reaching **** percent in August 2023. It wasn't until August 2024 that the first rate decrease since the previous year occurred, signaling a potential shift in monetary policy. Why do central banks adjust interest rates? Central banks, including the Bank of England, adjust interest rates to manage economic stability and control inflation. Their strategies involve a delicate balance between two main approaches. When central banks raise interest rates, their goal is to cool down an overheated economy. Higher rates curb excessive spending and borrowing, which helps to prevent runaway inflation. This approach is typically used when the economy is growing too quickly or when inflation is rising above desired levels. Conversely, when central banks lower interest rates, they aim to encourage borrowing and investment. This strategy is employed to stimulate economic growth during periods of slowdown or recession. Lower rates make it cheaper for businesses and individuals to borrow money, which can lead to increased spending and investment. This dual approach allows central banks to maintain a balance between promoting growth and controlling inflation, ensuring long-term economic stability. Additionally, adjusting interest rates can influence currency values, impacting international trade and investment flows, further underscoring their critical role in a nation's economic health. Recent interest rate trends Between 2021 and 2025, most advanced and emerging economies experienced a period of regular interest rate hikes. This trend was driven by several factors, including persistent supply chain disruptions, high energy prices, and robust demand pressures. These elements combined to create significant inflationary trends, prompting central banks to raise rates to temper spending and borrowing. However, in 2024, a shift began to occur in global monetary policy. The European Central Bank (ECB) was among the first major central banks to reverse this trend by cutting interest rates. This move signaled a change in approach aimed at addressing growing economic slowdowns and supporting growth.

The U.S. housing market continues to evolve, with the median price for existing homes forecast to fall to ******* U.S. dollars by 2027. This projection comes after a period of significant growth and recent fluctuations, reflecting the complex interplay of economic factors affecting the real estate sector. The rising costs have not only impacted home prices but also down payments, with the median down payment more than doubling since 2012. Regional variations in housing costs Home prices and down payments vary dramatically across the United States. While the national median down payment stood at approximately ****** U.S. dollars in early 2024, homebuyers in states like California, Massachusetts, and Hawaii faced down payments exceeding ****** U.S. dollars. This disparity highlights the challenges of homeownership in high-cost markets and underscores the importance of location in determining housing affordability. Market dynamics and future outlook The housing market has shown signs of cooling after years of rapid growth, with a modest price increase of *** percent in 2024. This slowdown can be attributed in part to rising mortgage rates, which have tempered demand. Despite these challenges, most states continued to see year-over-year price growth in 2025, with Rhode Island and West Virginia leading the packby home appreciation. As the market adjusts to new economic realities, potential homebuyers and investors alike will be watching closely for signs of stabilization or renewed growth in the coming years.

The benchmark interest rate in Pakistan was last recorded at 11 percent. This dataset provides - Pakistan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.